Thursday, April 23, 2009

US Dollar Collapse: Crash Alert. RMK.v,, TNR.v, SNU.v, GBN.v, BTT.v, MGN, FVI.v, OK.v, ASM.v, EPZ.v, FST.v,, SBB.v, HUI, XAU, GDX, GDL

On weekly chart we have again serious Crash Alert. Inverted Hammer is forming - strong Bearish Candle, MACD is still at Sell, Slow STO neutral - trend continuation, RSI turning Down, bearish flag formed with recent mumbling around 84-86 levels. Next week will be crucial for resolution of this pattern. Fundamentals are slowly making its way to the trades desks. Gold is above 900 USD/oz in Party anticipation.

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